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PAGING NETWORK, INC. DEBT PRICED

 DALLAS, Jan. 14 /PRNewswire/ -- Paging Network, Inc. (NASDAQ: PAGE) announced today that its offer of $200 million aggregate principal amount of Senior Subordinated Notes due 2006 has been increased to $300 million and has been priced at 8-7/8 percent for sale at par. The registration statement has been declared effective by the Securities and Exchange Commission.
 The Notes are rated B2/B by Moody's and Standard & Poors respectively.
 The company will receive the net proceeds of the offering Jan. 24. Net proceeds from the sale of the Notes will be used to repay the debt under its revolving credit agreement and for general corporate purposes.
 The Notes were drawn from the company's recently filed $600 million shelf registration.
 The managing underwriters will be Goldman Sachs & Co., Merrill Lynch & Co., and Prudential Securities Incorporated. Paging Network, the largest and fastest growing provider of paging services, offers local, regional and nationwide paging services throughout the United States.
 -0- 1/14/94
 /CONTACT: Jenny Haynes of Paging Network, 214-985-6749/
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CO: Paging Network, Inc. ST: Texas IN: TLS SU:

SP -- NY051 -- 1259 01/14/94 14:27 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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